LSU offers faculty buyouts

What is interesting is that the amounts have been published; I usually don’t see this in articles about buyouts. A year’s salary is also the largest buyout I have come across:

LSU’s Law Center is offering an incentive to seven professors if they retire next summer as it looks to cut costs amid a dwindling interest in law schools nationally.

The professors, all older than 65 and tenured faculty members, have until Monday to decide whether they will retire June 30 and get paid a bonus of roughly a year’s salary in return. The total that would be saved if all decide to take the buyout: $1.12 million a year.